Lebara appoints new CEO

Lebara Group has appointed Telstra executive David Moffatt as its new CEO, with former CEO and founder Yoganathan Ratheesan becoming chairman.

Moffatt, who joins today (10 August), was at Australian operator Telstra for nine years, initially as CFO and most recently consumer group MD. Ratheesan said he will focus on the strategic development of the business. He said: 'I am delighted to appoint a new CEO who has the experience and passion to lead us in achieving our ambition to become the brand of choice for one billion people by 2020.

'David Moffatt has a wealth of telecoms and financial services experience. He has the entrepreneurial spirit and drive it will take to lead Lebara to achieve our ambitious growth objectives. I am very proud of our achievements over the last 11 years and I look forward to working alongside David as we continue to deliver superior, low cost, high quality products and services for our loyal and growing customer base around the world.'

Moffatt said: 'Lebara is one of Europe’s most exciting mobile telecoms companies. I am delighted to be joining such a dynamic and entrepreneurial team. The opportunity to help realise Lebara’s objective to improve the lives of migrant communities, by keeping them in close contact with their loved ones back home, resonates deeply with my personal values. It is an honour to accept this appointment.'

Lebara was founded in 2001 and now has four million active customers, 1,000 employees and operates in eight countries.